A story about community pharmacists and their growing role in the nation’s health care system appeared on the front page of a Saturday edition of The New York Times earlier this month. Taking the work of Barney’s Pharmacy, an independent drug store in Augusta, Ga.
Though the year is barely half over, the major story of 2010 is clearly the retailer rush to pare assortments, popularly known as SKU rationalization. This exercise in reducing the number of items on retailer shelves has taken on a life of its own.
The Obama administration has begun the slow, laborious process of implementing the Affordable Care Act, legislation that will bring momentous changes to the nation’s health care system by the time its major provisions take effect in 2014.
Walgreen Co., CVS Caremark Corp. and Rite Aid Corp. — announced game-changing alterations. In that short span of time Walgreens acquired Duane Reade; Rite Aid reported that Mary Sammons, the retailer’s iconic chief executive,
CVS Caremark recently issued “Insights 2010: Evolving Pharmacy Care,” the latest in a series of annual reports about the role of prescription drugs in the nation’s health care system as seen from the perspective of the company’s pharmacy benefits management operation.
The National Association of Chain Drug Stores, it has been said, makes friends in the spring and enemies in early summer, repairs relationships in late summer and then solidifies relationships during the winter. Well, it’s early summer. The NACDS Marketplace Conference has just ended.
Two game-changing personnel shifts were announced last month: one stunning in its inexplicable surprise, immediate impact and long-term implications; the second unfortunate and perhaps, in the end, inevitable.
As recent developments in several countries attest, traditional drug stores confront an array of challenges that have the potential to weaken their competitive position vis-à-vis other community pharmacy operators and threaten their financial viability.
Over three very special days at the end of April, the National Association of Chain Drug Stores staged one of the memorable retailing conventions of recent times, a thrilling and productive spectacle that brought together the leading retailers and suppliers in America and gave them both the stage an
Research-based findings supporting retail pharmacy’s capacity to improve the lives of patients and limit overall health care expenditures are finally beginning to attain critical mass.
The severe economic downturn that began in December 2007 has altered consumers’ thinking in ways that a number of recent studies conclude will have long-term implications for retailers.
Linda Suydam, president of the Consumer Healthcare Products Association, will retire by year’s end after eight years as head of the proprietary medicines organization. At the association’s annual meeting last month in Aventura, Fla.
So far community pharmacy has come out reasonably well in the battle over the reform of the nation’s health care system.
and Duane Reade is the city’s dominant drug chain. Moreover, that dominance has, in recent times, come to extend beyond any market share figures (Duane Reade currently
A recent edition of The New York Times carried a story about the plight of independent pharmacies in America. Appearing under the headline, “For a Drugstore, ‘Nice’ Isn’t a Panacea,” the article does a good job outlining the strengths of independents and the challenges that they currently face.
